Plastic Omnium // 2021 Universal Registration Document

CONSOLIDATED FINANCIAL STATEMENTS 2021 Consolidated financial statements at December 31, 2021

SIGNIFICANT EVENTS OF THE PERIOD NOTE 2 Health and economic context 2.1 The 2021 fiscal year was marked by the combined effect of: the intermittent continuation of the Covid-19 health crisis with no ● significant impact on the business; the emergence of a supply shortage in semiconductors and ● components that is having a persistent significant impact on the global automotive industry market. First seen in early 2021, the shortage of electronic semiconductors intensified in the second half of the year, leading car manufacturers to shut down some of their production lines for varying periods and forcing automotive suppliers to adapt accordingly. The Plastic Omnium Group therefore reduced its own production. IHS (1) has successively revised the figures downwards. Change in the international automotive market: The tables below show the deterioration in the forecasts for global vehicle production, by half-year, as published by IHS (1) .

Asset impairment tests Impairment tests are carried out each year, in particular on goodwill and development costs relating to automotive projects, but also during the year on these same assets as well as on industrial assets if signs of impairment are identified. As part of these tests, for the determination of the recoverable amount, the concepts of fair value net of disposal costs and value in use obtained by the discounted cash-flow method are used. These tests are based on assumptions about future operating cash-flows and discount rates. Assumptions that could have a material impact on the financial statements concern, in particular, the discount rates and growth rates (see Note 2.1.3 “Asset impairment tests”). Sensitivity tests are performed on the long-term growth rate and discount rate assumptions for tests relating to goodwill and on the level of operating margin for tests relating to industrial assets. Lease contracts (IFRS 16) The discount rate is a key assumption in determining accounting impacts related to the application of IFRS 16 on leases It is used to calculate the right of use and the lease liability for each leased asset. (See Note 1.6.3.2). Other uncertainties To date, the main uncertainties likely to significantly impact the assumptions are the impact on production of the “Shortage of semi-conductors” at car manufacturers, together with other supply difficulties, related inflation and the development of the “Covid-19 pandemic”.

5

2021

2022

In thousands of vehicles Source: IHS

1 st half-year

2 nd half-year

1 st half-year

2 nd half-year

Vehicle production forecast by IHS at December, 15, 2020

40,333

40,723

42,172

42,701

Vehicle production forecast by IHS at June, 15, 2021

38,023

41,953

43,439

43,692

Vehicle production forecast by IHS at December, 15, 2021

37,782

34,746

38,583

40,689

Change in% of vehicles production forecasts published by IHS by realese Change in the vehicle production forecasts published by IHS at December 15, 2020 and June, 15, 2021 Change in the vehicle production forecasts published by IHS at June 15, 2021 and December, 15, 2021 2.1.1 The resumption of the Plastic Omnium Group’s activities in the second half of 2020, following the sudden shutdown linked to Covid-19 in the first half of 2020, was impacted by the emergence of a shortage of semiconductors which intensified as 2021 progressed. Shortage of semiconductors and components

1 st half-year

2 nd half-year

1 st half-year

2 nd half-year

- 5.7%

3.0%

3.0%

2.3%

- 0.6%

- 17.2%

- 11.2%

- 6.9%

In the 2021 fiscal year, the estimated impact of customer production stoppages on the Group’s consolidated revenue, as well as the impact of additional costs incurred (shortage of semiconductors, components and raw materials (2) , inflation, costs related to measures to protect employee health against Covid-19, etc.) on the Group’s Operating Margin are provided by quarter in the table below. These variations should be understood in the light of the IHS forecasts provided in the previous note:

IHS, from the company name “IHS Markit”, is an Anglo-American economic information company that publishes trends and forecasts for the automotive sector, amongst others. (1) Regarding the raw materials risk, refer to Note 6.2 on the Group’s exposure to plastic risk. (2)

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PLASTIC OMNIUM UNIVERSAL REGISTRATION DOCUMENT 2021